Super Micro Computer surged more than 20% in after-hours trading. The server manufacturer submitted delayed earnings report to comply with Nasdaq market rules, alleviating investors' concerns about the company's delisting risks.

Super Micro Computer submitted its fiscal 2024 performance report to the U.S. Securities and Exchange Commission on Tuesday. In addition, the company also submitted quarterly earnings reports ending September 30 and December 31.

The company's stock price closed at $45.54 on Tuesday and rose to $56.45 in after-hours trading.